Best and Cheapest Home Insurance in Corona, CA (2024)


In Corona, California, Farmers is the best and cheapest home insurance company overall. However, if customer service is your priority, Chubb is the top choice.

These companies cater to different needs, so choose a provider based on what matters to you: cost, customer service or coverage options.

MoneyGeek Logo IconBest HomeInsuranceCorona, CA
2024

Table of Contents

Why Trust MoneyGeek? We used data from California's Department of Insurance and Quadrant Information Services to find the top homeowners insurance in Corona.

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Home insurance premiums in Corona represent the most competitive rates as of September 2024.

2,730,240Quotes Analyzed
 
8Companies Compared

Overview: Best Home Insurance Companies in Corona, CA

Farmers is the best home insurance option for $100K dwelling coverage in Corona, CA, with a MoneyGeek score of 85 out of 100.

Home insurance companies in Corona have scores ranging from 49 to 85, according to MoneyGeek's scoring system. Scores vary based on factors like credit history and home age.

Data filtered by:Results filtered by:
Category:
Category:Best Overall
Coverages:
Coverages:1 - $100K Dwelling
Farmers85$386
Allstate82$406
Travelers76$605
Chubb69$846
State Farm55$959
Nationwide54$960
Capital Insurance Group49$713

Overall Best Home Insurance in Corona, CA

Farmers is the best home insurance company in Corona, CA, for $100K dwelling coverage due to its high customer satisfaction and affordability scores. The overall top providers are:

  • Farmers: MoneyGeek score of 85 out of 100 ($386 per year)
  • Allstate: MoneyGeek score of 82 out of 100 ($406 per year)

While costs matter, consider other factors, like claims handling and customer service, as they're crucial when making a claim.

Company logo for Farmers
Best OverallFarmers
MoneyGeek Score:
85/ of 100

Overview

Farmers is the best overall company with high affordability and satisfaction scores. It offers discounts like protective device and nonsmoker discounts, with the latter available if no one in your household has smoked for two years.

Farmers provides comprehensive coverage, including backup of sewer or drain, which covers repair costs if water backs up into your home, and matching siding coverage to ensure repairs blend seamlessly with your home’s existing style. Guaranteed replacement cost coverage helps pay for extra repair costs if they exceed your policy limits.

Best Home Insurance for Customer Service in Corona, CA

Chubb offers the best customer service in home insurance for $100K dwelling coverage in Corona, CA. The top providers in this category are:

  • Chubb: MoneyGeek score of 96 out of 100 ($846 per year)
  • Nationwide: MoneyGeek score of 81 out of 100 ($960 per year)

Chubb stands out for its high customer satisfaction score and competitive coverage options. Excellent service in home insurance involves prompt response times and clear communication for all customer inquiries.

Company logo for Chubb
Best for Service QualityChubb
MoneyGeek Score:
96/ of 100

Overview

Chubb scores highly on MoneyGeek for its strong customer satisfaction and coverages. It provides comprehensive home insurance, including guaranteed replacement cost, which covers rebuilding costs beyond your policy limit, and building ordinance coverage to meet updated codes. Cash settlement offers a payout option if you choose not to rebuild after a total loss.

Homeowners can save with the new home discount for homes seven or 10 years old or less and renovation discounts for recent updates.

Best Cheap Home Insurance in Corona, CA

Farmers is the best cheap home insurance company in Corona, CA, for $100K dwelling coverage. The top budget-friendly providers for this coverage amount are:

  • Farmers: MoneyGeek score of 91 out of 100 ($386 per year)
  • Allstate: MoneyGeek score of 89 out of 100 ($406 per year)

If saving on premiums is a priority, consider the cheapest homeowner insurance companies. However, low-cost home insurance often means limited coverage, which can save money but may not provide sufficient financial protection after an accident.

The best cheap options, like Farmers, balance affordability with solid customer service, offering better value than the cheapest options.

Company logo for Farmers
Best CheapFarmers
MoneyGeek Score:
91/ of 100

Overview

Farmers is the best cheap company, with a high affordability score. You can save with the nonsmoker and affinity discounts. Nonsmokers qualify if no one in the household has smoked in the past two years.

It offers comprehensive home insurance, including backup of sewer or drain and matching siding coverages. Farmers' guaranteed replacement cost covers repair costs beyond policy limits. Cyber event/ID theft coverage reimburses identity restoration expenses, and the waiver of deductible for glass covers accidental glass breakage without requiring a deductible.

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Rates updated:

Dec 13, 2024

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Why You Can Trust MoneyGeek

Several factors affect homeowners insurance in Corona, with location being one. To save, compare homeowners insurance rates. This process can take over an hour since each company might require around 15 minutes, and you should compare at least three. MoneyGeek's home insurance calculator helps you save time. Enter age, dwelling coverage, credit score, deductible, liability coverage and other details for a quick estimate.

Cheapest Home Insurance in Corona, CA

Farmers is the top choice for cheap home insurance in Corona, CA. Here are the cheapest overall providers:

  • For $100K dwelling coverage: Farmers: $386 per year
  • For $250K dwelling coverage: Allstate: $840 per year
  • For $500K dwelling coverage: Allstate: $1,563 per year

The key factor influencing home insurance premiums is the dwelling coverage you select. Farmers is the most affordable option in Corona for $100K coverage. However, Allstate offers the most cost-effective options for $250K and $500K coverages. While Farmers has a higher MoneyGeek score overall, Allstate provides better value for higher coverage amounts.

Choosing the cheapest homeowners insurance in California can help you manage your finances effectively.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling
Farmers$386
Allstate$406
Travelers$605
Capital Insurance Group$713
Chubb$846
State Farm$959
Nationwide$960

Cheapest Home Insurance for High-Value Homes in Corona, CA

Allstate is the best option for high-value home insurance in Corona, CA. High dwelling coverage is essential for properties with a replacement value of $750K or more, as home insurance costs tend to rise.

  • Cheapest for $750K dwelling coverage: Allstate: $2,310 per year
  • Cheapest for $1M dwelling coverage: Allstate: $3,070 per year

While Allstate is the cheapest, it also ranks high in overall performance, making it the best choice for cost and service.

Data filtered by:Results filtered by:
Coverages:
Coverages:1 - 750K dwelling
Allstate$2,310
Capital Insurance Group$2,988
Travelers$3,302
Farmers$4,144
State Farm$4,658
Nationwide$4,923
Chubb$5,098

Cheapest Home Insurance for New Homes in Corona, CA

In Corona, CA, Farmers offers the lowest annual premium for new homes requiring $100K and $250K in dwelling coverages.

  • Cheapest for $100K dwelling coverage: Farmers: $184 per year
  • Cheapest for $250K dwelling coverage: Farmers: $504 per year
  • Cheapest for $500K dwelling coverage: Allstate: $918 per year

While Farmers offers the lowest rates, consider service quality also and ensure you have adequate coverage when selecting an insurance plan.

Data filtered by:Results filtered by:
Coverages:
Coverages:1 - $100K Dwelling
Farmers$184
Allstate$285
Travelers$310
Nationwide$388
Capital Insurance Group$464
State Farm$479
Chubb$677

How to Find the Best Home Insurance for You in Corona, CA

The best cheap homeowners insurance providers balance quality and cost, offering excellent customer service and coverage at affordable premiums. The best option for you depends on your needs. Consider factors like coverage, customer service and deductibles.

Follow these steps to find the best cheap home insurance:

  1. 1

    Evaluate your insurance needs

    To determine how much home insurance coverage you need, consider your property's rebuilding costs, personal property value and liability requirements.

  2. 2

    Compare different providers

    Check out insurance companies in Corona, CA. Focus on those with good financial stability, positive customer feedback and reliable service.

  3. 3

    Compare coverage and costs

    After identifying your coverage needs, compare home insurance quotes. In Corona, CA, average annual premiums for $100K dwelling coverage range from $386 to $960.

  4. 4

    Ask about discounts

    Inquire with each provider about discounts, such as those for policy bundling, safety features or having no claims.

  5. 5

    Increase your deductible

    Opting for a higher home insurance deductible can reduce your premium. Ensure it's an amount you can afford when making a claim.

  6. 6

    Improve home security

    Enhancing security systems and locks can lower your home's risk profile, potentially reducing insurance costs.

  7. 7

    Maintain good credit

    Keep a good credit score to get better insurance rates. Pay bills promptly and minimize debt.

  8. 8

    Bundle policies

    Consider combining your homeowners insurance with other policies like auto insurance for significant discounts and savings.

FAQ: Best Cheap Home Insurance in Corona, CA

The best cheap home insurance provider depends on your coverage needs and budget. Get answers to common questions about the best affordable insurance rates in Corona, CA.

How much is home insurance in Corona, CA, on average?

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About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.